S Squared Technology LLC Purchases Shares of 644,767 Arlo Technologies, Inc. $ARLO

S Squared Technology LLC purchased a new stake in Arlo Technologies, Inc. (NYSE:ARLO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 644,767 shares of the company’s stock, valued at approximately $8,691,459,000. Arlo Technologies comprises 2.7% of S Squared Technology LLC’s investment portfolio, making the stock its 15th biggest position. S Squared Technology LLC owned approximately 0.59% of Arlo Technologies at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ARLO. BlackRock Inc. acquired a new stake in Arlo Technologies during the 2nd quarter valued at $235,992,000. Vanguard Group Inc. increased its position in Arlo Technologies by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 10,691,336 shares of the company’s stock worth $149,572,000 after buying an additional 32,770 shares in the last quarter. Brandes Investment Partners LP raised its holdings in shares of Arlo Technologies by 27.6% in the fourth quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock worth $114,700,000 after acquiring an additional 1,772,063 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Arlo Technologies by 9.0% in the second quarter. Wasatch Advisors LP now owns 5,915,935 shares of the company’s stock worth $79,747,000 after acquiring an additional 489,668 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Arlo Technologies by 5.3% in the second quarter. State Street Corp now owns 4,272,925 shares of the company’s stock valued at $72,469,000 after acquiring an additional 215,867 shares in the last quarter. 83.18% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 27,297 shares of Arlo Technologies stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total value of $423,649.44. Following the completion of the sale, the chief financial officer owned 442,110 shares in the company, valued at $6,861,547.20. The trade was a 5.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 57,775 shares of company stock valued at $845,139. 2.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on ARLO. Wall Street Zen raised Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. William Blair began coverage on shares of Arlo Technologies in a research note on Tuesday, July 7th. They issued an “outperform” rating for the company. Weiss Ratings downgraded shares of Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Piper Sandler upped their target price on shares of Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Oppenheimer initiated coverage on shares of Arlo Technologies in a research note on Monday, May 18th. They set an “outperform” rating and a $20.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Arlo Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.60.

Arlo Technologies Stock Performance

Shares of ARLO opened at $13.10 on Tuesday. Arlo Technologies, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $19.94. The company has a market capitalization of $1.42 billion, a PE ratio of 48.52 and a beta of 1.56. The stock has a fifty day moving average of $13.58 and a two-hundred day moving average of $13.51.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.08. The business had revenue of $155.94 million for the quarter, compared to analysts’ expectations of $148.94 million. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The business’s revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. As a group, equities research analysts forecast that Arlo Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Arlo Technologies Profile

Arlo Technologies, Inc (NYSE: ARLO) is a provider of smart home security products and services designed for residential and small business customers. The company offers a portfolio of wireless and Wi-Fi-enabled security cameras, video doorbells, smart lighting solutions, and associated accessories. Arlo integrates advanced video analytics, motion detection, cloud storage, and two-way audio capabilities to deliver end-to-end security and monitoring solutions accessible through mobile applications and web interfaces.

Founded as a division of Netgear, Inc in 2014 and spun off as an independent public company in 2018, Arlo Technologies has established a presence in North America, Europe, Australia and parts of Asia.